What is the difference between advice, information only and a personal recommendation?
Amongst other things the Finalised Guidance document FG15_1 ‘Retail investment advice: Clarifying the boundaries and exploring the barriers to market development’ looked to explain the differences.
Steve Bailey (ATEB director) recently undertook a critical and detailed examination of the paper for an article compiled for Adviser Business Review.
The article can be accessed here.
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It’s an important read. Firms looking at developing other distribution channels will need to be very careful in their approach. Innovation can create some excellent customer outcomes with the right level of investment and expertise, but beware, because there are some banana skins.
If you are in doubt please refer to your ATEB consultant or contact us here.
We’ve been pointed towards some useful training links.
We have recently attended a seminar where the FCA Authorisations department estimated that they will receive around 51,000 applications, although they suggest that only 39,000 actually require a licence.
Having difficulties completing the new RDR friendly sections K and L of RMAR? ATEB has produced guides
The FCA has back-tracked on the new Capital Resource requirements!
Mortgage Market Review – A Reminder
Steve Bailey Compliance 2014, FCA, Mortgage
The Mortgage Market Review (MMR) is due for implemetation in April of 2014. Are you prepared?